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    2029 Century Park Los Angeles, CA 90067

    • Office buildings
    • 1,226,598 SF
    • 2.31 lot acres
    For Lease
    View listing
    Value Estimations
    $690,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0486020
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Xerox Of Socal/Las Vegas / Copier Repair Service / Office Equipment Rental Service
    • Epiq Systems Inc / Electronic Parts Supplier
    • Automobile.com / Car Dealer
    • Law Office of Oji K. Nwankwo / General Practice Attorney
    • Buche Law / Patent Attorney / Trial Attorney

    Property Details for 2029 Century Park

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    2.31 lot acres
    Property size
    1,226,598 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    4319-016-029
    APU
    4319016029

    Description

    This exceptional Century City office space offers five available suites, perfect for businesses seeking prestigious executive offices. The suites range in size from a compact 150 square feet to a more expansive 1,000 square feet, providing flexibility to accommodate various team sizes and operational needs. Ideally situated at the intersection of Century Park East and West Olympic Boulevard, this location offers unparalleled access to major transportation arteries, ensuring convenient commutes for employees and clients alike. The building's prime location within Century City provides easy access to a wealth of amenities, including upscale dining, high-end retail, and first-class hotels. The multiple tenancy structure allows for a diverse and vibrant work environment. Whether your business requires a small, efficient workspace or a larger suite to accommodate growth, this property offers a sophisticated and convenient solution. The available spaces are ready for immediate occupancy, allowing for a seamless transition into your new office. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this highly desirable Century City location. This is an exceptional opportunity to secure prime office space in one of Los Angeles's most sought-after business districts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $690,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.414
    Latitude
    34.0596
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,518,495
    $91,575,536
    $271,852,430
    $363,427,966
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1800 Century E Park

      OFFICE BUILDING (MULTI-STORY) • 249,952 SF
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      View Details
    • Value Estimation
      $985,000
      22,844 SF

      10203 Santa Monica Blvd

      OFFICE BUILDING • 22,844 SF
      10203 Santa Monica Blvd, Los Angeles, CA 90067-6405
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      $550,000
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      1999 Ave Of The Stars

      OFFICE BUILDING • 840,124 SF
      1999 Ave Of The Stars, Los Angeles, CA 90067-6022
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    • Value Estimation
      $1,005,000
      625,631 SF

      1900 Ave Of The Stars, Unit 1560

      OFFICE BUILDING • 625,631 SF
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    • Value Estimation
      $455,000
      3,096 SF

      10215 Santa Monica Blvd

      PROFESSIONAL BUILDING • 3,096 SF
      10215 Santa Monica Blvd, Los Angeles, CA 90067-6403
      View Details
    • Value Estimation
      $85,000
      338,953 SF

      1840 Century E Park

      OFFICE BUILDING (MULTI-STORY) • 338,953 SF
      1840 Century E Park, Los Angeles, CA 90067-2101
      View Details

    Similar Nearby for Sale

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      Century Park Specialty Property

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      Century City Condominium with Amenities

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      Private, one-level home in a premier gated community.
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      Le Parc Penthouse: Luxury Living

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      Luxury Condo in Park Place

      Spacious 2 bed, 2 bath condo near Beverly Hills.
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      Luxurious Century City Residence

      Updated 1-bedroom residence with stunning views and resort-like amenities.
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    Similar Nearby for Lease

    • $7 SF/Yr
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      Regus Los Angeles Office Space

      Prime LA office, coworking & meeting rooms.
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      Century City Executive Suites

      Premium Century City Office Space Available
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      Century City Executive Suites

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      Office Space for Rent

      Office space available for lease in Los Angeles, CA.
      2000 Avenue Of The Stars, Los Angeles, CA 90067
      View Details
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      Century City Executive Suites

      Prestigious Century City offices, 5 spaces available.
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    • $22 SF/Yr
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      Avenue of the Stars Office Suites

      Premium Century City Workspace, Flexible Options
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      View Details
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    Los Angeles, CA 90067
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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